Global Nut Based Spreads Market

Global Nut Based Spreads Market was Valued at USD 6.1 Billion in 2016 and is Expected to
Register a 7.4% CAGR Over the Forecast Period
Global Nut based spreads Market was worth USD 6.1 billion in 2016 and estimated to be
growing at a CAGR of 7.4%, to reach USD 8.72 billion by 2021. Peanut butter has led the
way for other nut-based spreads like almond, cashew, macadamia nut, coconut and walnut
to enter the industry and offer a wider variety of spreads for consumers.
Around 7.7% of consumers have switched from jam to peanut butter. The nut spread sales
are largely dependent on the sales of bread. Peanut butter and chocolate spreads are
displacing jam and marmalade as the most popular breakfast spreads.
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The Global Nut based spreads market is driven by the rising consumer preference to
replace jams by nut based spreads. The rising health consciousness among consumers has
further given way to low calorie spreads. The latest trend of food spreads becoming an
integral part of every breakfast has led to a steady growth of the market.
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The Global Nut based spreads market is segmented on the basis of product type and by
region. On the basis of product type, the market is segmented into peanut based spreads,
almond based spreads, walnut based spreads, cashews based spreads and others.
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Market Segmentation
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Product Type
Introduction
Peanut Based Spreads
Almond Based Spreads
Walnut Based Spreads
Cashews Based Spreads
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Others
Y-o-Y Growth Analysis, By Product Type
Market Attractiveness Analysis, By Product Type
Market Share Analysis, By Product Type
The market has also been geographically segmented into North America, Europe, AsiaPacific, Latin America and Middle-East & Africa. In 2015, North America led the global Nut
based spreads market in terms of market share. The market for these Nut based spreads in
Asia-Pacific area is amplifying because of more of consumption. The Asia-Pacific and other
rising nations are foreseen to develop at a quick pace in the Nut based spreads market in the
following years when compared with the seasoned markets of developed regions.
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The major players operating in the Global Nut based spreads drinks industry include J.M.
Smucker, Kraft Foods, Unilever Group, ConAgra foods Inc., Sioux Honey Association, B & G
Foods, Ferrero Group, Nestle, Hershey Co and Welch Foods Inc.
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Global Nut based spreads Market was worth USD 6.1 billion in 2016 and estimated to be growing at a CAGR of 7.4%, to reach USD 8.72 billion by 2021.

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